Ferguson Enterprises (FERG) to join S&P 500; ADI Global Distribution (ADIG) to replace Hertz Global (HTZ) in the S&P SmallCap 600
S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600:
- Ferguson Enterprises (FERG) will replace Electronic Arts (EA) in the S&P 500 effective prior to the opening of trading on Wednesday, August 5. An investor consortium comprised of Public Investment Fund, Silver Lake, and Affinity Partners are acquiring Electronic Arts in a deal expected to be completed soon, pending final conditions.
- ADI Global Distribution (ADIG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, August 4, replacing Hertz Global (HTZ) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 5. S&P SmallCap 600 constituent Resideo Technologies (REZI) is spinning off ADI Global Distribution in a transaction to be completed August 4. Hertz Global Holdings is no longer representative of the small-cap market space.